Company Valuation: Apple Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,402,990 2,438,897 2,664,542 3,463,350 3,791,126 4,891,183 - -
Change - 1.49% 9.25% 29.98% 9.46% 29.02% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,820,575 4,790,420 4,746,023
Change - 2.25% 9.36% 30.6% 10.08% 28.3% -0.63% -0.93%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 38.5x 34.7x 30.6x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 46.8x 33.9x 21.6x
PEG - 2.78x 84.93x -45.98x 1.5x 2.2x 3.2x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.2x 9.34x 8.63x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.1x 9.15x 8.37x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 28.6x 26.1x 23.4x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31x 28.5x 25.3x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 34.2x 31.3x 28.2x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.92% 3.2% 3.55%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.071 1.118 1.17
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.32% 0.33% 0.35%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.762 9.718 11.02
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.6%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,847 523,644 566,764
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,602 183,487 202,452
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,417 168,200 187,931
Net income 1 94,680 99,803 96,995 93,736 112,010 128,861 140,381 156,388
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,608 -100,763 -145,161
Reference price 2 145.37 151.76 170.43 227.79 255.46 336.91 336.91 336.91
Nbr of stocks (in thousands) 16,530,166 16,070,752 15,634,232 15,204,137 14,840,390 14,687,356 - -
Announcement Date 28/10/21 27/10/22 2/11/23 31/10/24 30/10/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.04x0.93x11.53x-.--% 87.7B
21.19x0.81x15.04x2.48% 10.19B
7.13x1.38x2.5x0.96% 3.04B
Average 17.12x 1.04x 9.69x 1.15% 33.64B
Weighted average by Cap. 22.38x 0.93x 11.61x 0.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield